As we said before, 32 states allow fracking, and most of the states that do not use it don’t have shale deposits. Over 70 percent of all wells in the United States have been fracked. With numbers like these, where is all the death and destruction that you claim? It is not happening!
You call us “greedy landowners,” but have you heard or in fairness, mentioned, the “ad valorem tax?” That’s where the well pad is taxed like a housing unit, but when it begins to produce, its value soars and the property and school taxes paid also soar.
The ad valorem tax is based on a five-year average for gas prices, and it doesn’t take much of a well to generate $300,000-$400,000 or more in taxes paid by the gas companies directly to the county, highway, fire department and school district. Tell me, Sustainable. How many boutique farms, beehives and backyard vineyards will it take to generate that tax revenue? Now, who’s being greedy? More on ad valorem in future articles.
CHUCK PINKEY is a retired area businessman. He can be reached at firstname.lastname@example.org. The views expressed in this column do not necessarily reflect those of The Daily Star and its editorial board, but the author thinks they ought to.